How to Develop a Career in Blockchain

The blockchain is the most recent technology in the business world, which will be going to disrupt the major industries. In the past few months, it has dived onto the world platform and presented itself as the next-generation solution for most of the technical subdivision’s. The blockchain is a massive ledger of cryptocurrency transactions which maintains records of all the cryptocurrency activities. It solves the problem associated with the double-spending without the requirement of a reliable authority or a central server.

What is Blockchain Technology?

The definition of Blockchain says that ” it is a distributed and public ledger which can be accessed by anyone, unlike the traditional and central banking records.” The transactions of cryptocurrency are registering in the blocks. These blocks consist of timestamps and transaction data, and thus it is named as ‘blockchain’. The information that gets stacked onto the blockchain has to experience a series of verification ventures by various nodes or PCs. Before they get accepted into the blockchain, they interrelate with each other until an agreement is reaching on the legitimacy of the data. It makes the information or data consistent and honest on the blockchain. Using the blockchain technology across several industries and domains is possible. It can be utilized to record anything related to value.

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Chances of growth in blockchain career:

Nowadays, the blockchain technology is utilized in almost all sizes of companies in numerous ways, like global payments, music sharing, and even in following sales of a diamond. With the massive demand for blockchain in various industries, most of the people want to develop their career in this growing field. As per “Upwork” which is a global freelance exchange, the skills related to the blockchain were the most demanding in the initial section of 2018. Furthermore, a report from “TechCrunch” shows that the blockchain related jobs are the other fastest growing field in today’s job market, there are plenty of job openings for every blockchain developer.

The candidates who are looking for a career in blockchain technology have to follow a different script than that of a technical business person.  Keeping this  in mind, the people are looking for the best way to develop a career in blockchain technology tactically. The blockchain industry requires those candidates who are continually improving their skills and knowledge and keep themselves updated with the enhancement in the sectors. The enthusiastic candidates who want to develop their career in the blockchain technology can start preparing it. To do this, they do not have to sign up for a traditional university program or to attend an expensive seminar. The candidates only have to follow the below steps for forming the career in blockchain technology.

Steps for Developing Career in Blockchain Technology:

1. Develop the fundamental in blockchain technology: The blockchain is dissimilar to any other available technology. The candidates have to understand its exclusive value scheme which is a critical building block of a blockchain education. The candidates have to understand the meaning of buzzwords related to the blockchain such as decentralization, smart contracts because these words are the heart of the blockchain technology. So any successful blockchain professional have to be familiar with these words. The more technically skilled candidates can also serve as the basis for a blockchain developer. If a candidate knows the JavaScript a standard programming language for web development, it would be a significant advantage for him, as it will help him for creating the smart contracts. These skills will not only help with a blockchain education, but they also prepare the learners to work as a freelancer in web designing though they are developing the rest of their skills associated with the blockchain technology. Thus, the candidates who wish to become a blockchain developer need not enroll themselves at a university. To achieve this, they can only have a formal level of education.

2. Consider Cryptography: Nowadays, the people are transferring their properties and resources online, for example, presently most of the banking transaction is carried out online only which has increased the importance of cryptography. Blockchain technology is famous for its capability to protect and secure these properties. To make this possible, it depends on cryptography. If a company fails to employ cryptography properly, then it may result in the unexpected consequences for the companies which relies on it for security. Nowadays, there is a high level of cryptography training available online.

3. The candidates should understand the distributed computing theory and its application: Now, the distributed computing is no longer a theory. It is one of the blockchain’s solutions where the reliability and security are the two most persistent issues faced by the technical propagation. But this is far away from sophisticated training, and there are still many areas which require the particular solutions. For instance, problems related to the scalability and extreme energy consumption will remain to wave its implementation. These issues must be studied by the blockchain students so that they can develop a solution for these problems later.

4. Keep-up the Community Management: For the active groups the blockchain and the cryptocurrencies are exclusive technologies which help them to inspire their popularity and growth. There are various innovative projects related to cryptocurrency which are created for on-the-job training for blockchain students. To get the projects related to the blockchain and cryptocurrencies, the candidates have to approach to the reputed and certified blockchain startups companies which also involve event organization, discussion management, and other engagement-oriented actions. Well, this is not an opportunity to occupy and build a network with the people in this field, though it has also obtained the personal understanding of the industry and its community.

5. Create your path: The job market for blockchain technology is blooming nowadays, and those candidates who want to get involved in this technology can track their way to achieve success. To prepare for the blockchain career, the candidates do not have to spend years at an academic institute. These approaches are enough to streamline the process and make it more feasible for anyone to crack it easily. The blockchain market is flourishing every day, and there are plenty of opportunities available in this particular technology.

 A blockchain engineer can go through the following paths. For example:

1. One can create an application with the help of blockchain technology.

2. Emphasis on developing the blockchain technology and the other things that relate to it, such as creating a new blockchain protocol.

There is a lot of opportunities that lies with the distributed applications.  And there are several roles opened for blockchain engineers like developers. The below graph shows the increase in the job opportunities in blockchain technology.

It represents that the adequate job opportunities in the blockchain domain are increasing from the zero to under 4000 among the year 2010 to 2017.

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Conclusion:

Since Blockchain Technology is an innovative and evolving technology, the candidates who want to become a blockchain engineer should be comfortable with learning. It is essential to accept a new mindset which pays attention to proficiency, scalability, and distributed computing. The candidates should also know about the financial part of the blockchain technology instead of just focusing on developing the programming skills. If the candidate wants to be an effective blockchain engineer, he should be a combination of a junior economist, a software developer, and an auditor.